Orbit: Crypto Community Feed
Are hackers just scapegoats? Even without that $6 billion theft, this whole trapped market is bound to collapse sooner or later!
Last night saw an epic crash in the crypto world. Besides the black swan event of Binance losing nearly $6 billion triggering panic, the chip distribution reveals a deeper crisis.
Currently, only 4.03% of BTC holders are in profit, meaning 96% of positions are underwater, with an average cost as high as 78,967. Massive red trapped positions pile up in the 78,000-81,000 range. This means huge resistance above; once the price rebounds, these positions eager to break even will rush to sell, creating enormous selling pressure.
Simply put, this is a triple blow of a black swan crash, everyone trapped, and heavy selling pressure on rebounds. Until this heavy trapped position is digested, any rebound could be a last-ditch escape wave. Do not blindly bottom-fish.
$BTC $ETH $SOL
#Strategy财报前瞻：BTC账面收益大幅反弹
#OKX、ICE and Trade.xyz join forces to promote perpetual contracts entering the US compliant market
Held on for a month, really almost exhausted, finally seeing hope!
$HYPE long position average price 82.3, now directly pushed to 96.6, the return rate has been forced up to +172%, floating profit over 344 dollars! This deep V rally is so satisfying, just a little short of the previous high. Can it reach 100? Just one last push! Dog whales give some strength, directly blow up the shorts and break through the 100 mark!
But looking at $WDC next door, really comparing people is frustrating. Opened position at 413, now 398, although the daily chart shows it has climbed out of the 300 pit, this position is still stuck at -68%. Half is fire, half is ice water.
Recently, waking up every midnight to calculate margin, tortured by gold and BTC, mentally exhausted. Now finally got a big blood return thanks to HYPE. Trading is really like this, those who endure stand out, those who can't endure get out. No more messing around, let the profits fly for a while.
$HYPE charge, whether you can add a big chicken leg tonight depends on you!
+321.71
+161.42%Snapshot at Oct 30, 2026, 00:16
Last night's hacker incident caused a sharp drop, and many people think "the bad news is fully priced in" or "Binance has already bailed out," preparing to use large funds to bottom-fish. Don't be impulsive! Here are a few fatal realities to consider:
1. Binance bailout ≠ market bottom
Binance and Tether did take action, freezing some funds and promising to compensate user losses. But you must understand, this only guarantees "the exchange won't collapse, and user deposits won't go to zero." The tens of billions of dollars in chips not frozen in the hacker's hands can be used anytime to dump the market. The selling pressure hasn't disappeared!
2. Hackers are using stolen coins as "nuclear weapons"
It's not easy for hackers to cash out (cards can be blocked and funds frozen). Their smartest play is: open huge short positions in advance, then concentrate on selling the stolen ETH to deliberately crash the market and create panic. When retail traders' 20x long positions all get liquidated, hackers' shorts earn huge profits, which they withdraw cleanly. Your high-leverage long positions are the hackers' ATM and liquidation fuel!
3. The current market is very prone to "spikes up and down"
Liquidity is extremely poor now, ETFs are still flowing out, and the hacker's looming threat remains. Market makers and hackers will likely create a "fake rebound" to lure buyers, then slam down a big bearish candle. Trading contracts at this stage, especially with heavy full positions, is no different from gambling big or small in Macau.
Influential Creator
Including this Lazarus Group attack on Binance, this hacker organization has caused more than $13 billion in damage to the financial world.
Starting from 2009 with DDoS attacks on US and South Korean government websites and Sony Pictures, then mid-term attacks on Vietnam, Ecuador, and Bangladesh Bank.
Then, with the rise of crypto, they fully shifted to generating revenue through the crypto space.
Their advanced technology is certainly terrifying, but the most important thing is that Lazarus Group is backed by the North Korean government and is completely fearless of any law enforcement agencies.
This time Binance was hacked, marking Lazarus Group's biggest haul yet, but it definitely won't be the last.
Influential Creator
Back again, that familiar feeling!
In 2022, my position blew up like this: I originally thought the macro environment was already bad enough and there would be no major negative news, but then the exchange FTX collapsed.
This time I thought there would be no negative news after the election results on the 3rd, but the neighbor pulled a big one!
$BTC fell below 77,000, daily RSI at 30.7 close to oversold, price pressed below SMA5(79476)/SMA10(80512)/SMA20(81401) all aligned bearish, completely turning into a bearish trend.
$ETH also dropped to 2200, daily RSI 24 deeply oversold, price pressed below SMA5(2298)/SMA10(2343)/SMA20(2393) all below, also a big waterfall market.
$ZEC fell below 1200, daily RSI 44.6 is actually quite good. Price slightly below SMA5(1254)/SMA10(1241) but 1200, i.e. SMA20(1213) support, and nearly 7 days counter-trend +0.92% making it the most resilient. This wave is probably looking at 1100.
Dropped below 79,000!
$BTC's drop this time is quite fierce. It was just around 81,000 USD, and now it has directly smashed through 79,000 USD, hitting a low of 78,280 USD, with a 24-hour decline of 3.54%.
The 15-minute candlestick chart is almost a straight dive, the lower Bollinger Band has been directly broken, and the RSI has already entered a severe oversold zone. Falling so sharply in such a short time, market sentiment is clearly starting to get tense.
It just surged to 81,970 USD earlier, and in the blink of an eye, it dropped nearly 3,700 USD. This kind of market is the easiest to catch people off guard. Is this a violent shakeout, or has the market started a new round of decline?
BTC has dropped below 79,000 USD. Do you think this wave will continue to crash down, or will it recover quickly?
#美国9月核心PCE升至3.1%，加息预期仍高
$BTC
No doubt, this is a bull market
I've been shouting this for 2 months
Notice anything? It's almost the same pullback pattern as the bear-to-bull phase in 2023.
I don't want to be stubborn, but this is exactly the bear-to-bull phase.
Each candlestick pattern is different, but the sentiment is always the same:
Doubt
Disappointment
Despair
Giving up
No position left, Bitcoin has risen, fuck Bitcoin
A new cycle is forming once again
$HYPE I opened a short position last night and couldn't sleep well all night. The liquidation price at 102 was nerve-wracking. Going against the trend is really not something I can handle, plus the bad habit of adding to losing positions! From now on, I will definitely stop adding positions recklessly and always maintain a position that lets me sleep peacefully 😭😭 Otherwise, losing money also affects my sleep.
Currently, there's no need to operate the hype positions anymore since there are both long and short positions. Now I'm mainly focusing on Ethereum. I am firmly bullish! Opened a small position at 2180 to let it slowly play out, and I'll add more at 2120! Bulls never become slaves 👿👿👿
ZEC's market is really brutal, I expected a big drop and kept shorting.
But I got liquidated, luckily I took out a loan at a high point to chase in, otherwise I really would have jumped off a building.
After a day and night without sleep, I finally broke even, although I made mistakes on several positions during the process, at least I can sleep well now.
The market feels like the sky is falling
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-411.02%Snapshot at Oct 29, 2026, 23:33